It's going to be a great day for the macro markets.
Australian dollar is above US72c.
Global equities rallied, iron ore up 6.2%. The rebound in global equities from a two and a half year low on Februrary 11 has retraced almost half the losses this year.
Monday our share market enjoyed its highest finish in a month, our benchmark all ords index is sitting above 5,000.
The macro factors which were acting against high risk, low cap specs seems to be past us, which IMO presents a perfect storm for ODN.
Buyers will be willing to take the risk as the reward will be huge if it goes through. I'm seeing
some good buying today. Good luck everyone!
It's going to be a great day for the macro markets. Australian...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)